S&P Improved the Outlook on Ameriabank to Positive
S&P Global Ratings improved the outlook on Ameriabank, revising it to positive from stable and affirmed 'B+/B' long- and short-term issuer credit rating on the bank.
Ameriabank rating update follows the sovereign rating action: S&P assigned 'B+' long-term sovereign credit rating to Armenia, with positive outlook. This is the first sovereign rating assigned to Armenia by S&P.
The 'B+' long-term rating on Ameriabank is one notch lower than its stand-alone credit profile (SACP) rated “bb-“, due to the sovereign’s creditworthiness constraint.
The revision of the outlook on Ameriabank to positive from stable follows robust recovery of the Armenian economy in the first half of 2021. S&P has revised upward the real GDP growth forecast for Armenia to 6.3% in 2021 and an average of 4.3% in 2022-2023. In S&P’s view, the stabilization of the macroeconomic and fiscal environment in Armenia should reduce risks for the Armenian banking system and create a more favorable operating environment for Ameriabank's business and financial profile, supporting new business growth and asset quality.
S&P considers Ameriabank well positioned to retain its leading market positions in Armenia, supported by good macroeconomic growth prospects and due to the bank's strong domestic brand, professional management team, advanced digitalization strategy and adequate corporate governance.
About Ameriabank
Ameriabank is a dynamically developing bank and one of the major and most stable financial institutions in Armenia with clearly formulated digital agenda. Being the first investment bank in Armenia, Ameriabank provides a large package of innovative banking services. Now Ameriabank is a universal bank offering corporate, investment and retail banking services in a comprehensive package of banking solutions. Ameriabank is the largest bank in Armenia according to the most recent reportable data, with assets exceeding AMD 1 trillion.
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- 12:41 • 23.10.20 President Armen Sarkissian Meets Emmanuel Macron at Élysée Palace
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- 14:11 • 09.10.20 Turkey openly backs Azerbaijan 'far more aggressively than in the past' - ABC News on Syrian mercenaries fighting in Karabakh
- 15:52 • 08.10.20 Iconic Armenian Church Hit in Azerbaijani Attacks in Nagorno-Karabakh City (photos)
- 10:57 • 08.10.20 Artsakh Defense Army Continues High-Precision Strikes
- 14:24 • 07.10.20 War Situation in Karabakh on European Parliament's Agenda
- 19:31 • 05.10.20 Call for Urgent Action: Armenian Journalist Brings Intn'l Colleagues' Attention to Situation iin Artsakh After Azerbaijani Attacks
- 16:17 • 04.10.20 Turkey's Support to Syrian Mercenaries Fighting Against Artsakh: Facts About Azerbaijani Aggression
- 12:39 • 04.10.20 Nagorno-Karabakh's Capital Under Azerbaijani Strikes
- 13:49 • 03.10.20 Armenian Armed Forces Neutralize Azerbaijani Defense Positions
- 10:12 • 29.09.20 ArmenianTroops Destroy Azerbaijani Armored Fighting Vehicle on Frontline
- 23:42 • 28.09.20 There is a solid evidence that Azerbaijan has launched a thoroughly planned attack on the NKR
- 18:45 • 28.09.20 EU calls for Immediate End to Hostilities over Nagorno-Karabakh
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